Bitcoin’s Short-Term Breakout Could Lead to a Bounce

On June 29, the Bitcoin (BTC) price broke out from a short-term descending resistance line. This could have been the beginning of an upward move that takes the price towards $9,300-$9,400. However, the longer-term outlook is still bearish, and BTC is expected to eventually decrease towards the range low. Short-Term Bitcoin Breakout The Bitcoin price had been decreasing alongside a